Global Rear Electric Axle (E-Axle) Market, By Shaft Type (Single Axle, Multiple Axle), Material (Alloys, Carbon Fiber), Component (Combining Motors, Power Electronics, Transmission, and Others), Vehicle Type (Passenger Vehicle, Commercial Vehicle, Electric Vehicle), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa), Industry Trends and Forecast to 2029
Market Analysis and Insights of Rear Electric Axle (E-Axle) Market
Rear Electric Axle (E-Axle) market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 23.50% in the above-mentioned forecast period.
The electric axle (also known as an e-axle) is basically installed in electric and hybrid vehicles to transfer power from the electric motor to the wheels. An axle makes the ride in an electric vehicle less compounding and more reliable. These are installed in various types of vehicles such as passenger vehicle, commercial vehicle and electric vehicle. The rear electric axle (E-Axle) are to be installed on the rear axle of the vehicle.
The factors such as the growing sales of electric and hybrid vehicles along with the increasing cost of the fuels has resulted in growth in the market value in the forecast period of 2022 to 2029. In addition to this, the strict emissions rules to decrease the vehicle weight and emissions, rising research and development investment in the electric vehicles, and increasing public EV charging infrastructure is estimated to accelerate market’s growth. Moreover, he increase in electric vehicles sales and implementation of stringent emission norms also cushions the market’s growth within the forecasted period. On the other hand, the factors such as high cost of the electric axle drive the system and limited driving range will further restrict the scope of growth for the market.
Furthermore, the rising usage of electric-axle in ICE vehicles will further offer a variety of growth opportunities for the market in the forecast period of 2022 to 2029. On the flip side, the slowing down of supply chain due to COVID-19, is projected to pose as a major challenge to the market growth rate.
This rear electric axle (E-Axle) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on rear electric axle (E-Axle) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Rear E-Axle Market Scope and Market Size
The rear E-axle market is segmented on the basis of shaft type, material, component and vehicle type. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of shaft type, the rear electric axle (E-Axle) market is segmented into single axle and multiple axle.
- On the basis of material, the rear electric axle (E-Axle) market is segmented into alloys and carbon fiber.
- On the basis of component, the rear electric axle (E-Axle) market is segmented into combining motor, power electronics, transmission and others.
- On the basis of vehicle type, the rear electric axle (E-Axle) market is segmented into passenger vehicle, commercial vehicle and electric vehicle.
Rear Electric Axle (E-Axle) Market Country Level Analysis
The global rear electric axle (E-Axle) market is analyzed and market size insights and trends are provided by shaft type, material, component and vehicle type as referenced above.
The countries covered in the rear electric axle (E-Axle) market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the rear electric axle (E-Axle) market and will continue to flourish its trend of dominance during the forecast period due to the significant growth in automotive sector in the counties like India and China is expected to drive the market growth in the region within the forecast period of 2022 to 2029. North America region is set to witness unprecedented growth during the forecast period and will project the highest compound annual growth (CAGR) rate. This is because of the adoption of electric vehicles in this region.
The country section of the rear electric axle (E-Axle) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Rear Electric Axle (E-Axle) Market Share Analysis
The rear electric axle (E-Axle) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to rear electric axle (E-Axle) market.
Some of the major players operating in the rear E-axle market report are Continental AG, Dana Limited, Melrose Industries, schaeffler, Robert Bosch GmbH., ZF Friedrichshafen AG., Schaeffler AG, Magna International Inc., AxleTech International, LLC, AVL List GmbH,., Dana Limited., GKN, NIDEC CORPORATION, KN, Schaeffler AG, Robert Bosch GmbH, NIDEC CORPORATION, Linamar, Magna International Inc, Loccioni, Meritor, Inc., and Automotive Axles Limited among others.